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Credit Cards in QuickBooks

Chances are your business has at least one credit card. In our experience, the proper credit card balance is rarely displayed in QuickBooks.

We recommend that you record credit card charges similarly to how you record checks in your checking account. Each charge would be entered separately. To do this, go to the banking menu -> enter credit card charges. Payments would be posted directly to your credit card payable account.

Each month, you would reconcile this account when you get your credit card statement. You would reconcile this account in the same manner that you reconcile your checking account.

Remember that charges made on your credit card, but not yet paid, at year-end are deductible. Your CPA must be aware of your proper year-end credit card balance so that you can take advantage of this deduction.

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--Melissa King

"Do you need to know what your business is worth? As a CVA I handle everything from estates to divorce to mergers and acquisitions. Count on me for prompt and professional service."

--Heather Graham

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--Jennifer Wentworth

"Business valuation and litigation support are serious business. I take the time to put myself in your shoes and understand your needs. The best outcome is achieved when your business valuation expert truly understands your situation." --Paul Murray

"Want more than just tax preparation? I have always told prospective clients that most anyone can provide accounting and tax services from a compliance perspective. Good CPAs provide tax saving strategies and other business insights to increase profitability." --Gene Smith

"Does your business need financial direction? I will help you understand your financial reports and set reasonable expectations, both of which are key to making sound business decisions."

--Keith Frame

"Getting stuck in QuickBooks? I can get you unstuck, and help you learn the software to run your business more effectively."

--Tina Powell

"Tax season got you stressed? I am here to help get you through tax packets and documents, so you can walk away with the weight off of your shoulders."

--Sara Brubaker

"New to accounting or not sure what questions to ask? I understand those anxieties and am happy to answer your questions and put your concerns to rest."

--Anna Philbert

"Perplexed by tax documents? I am here to answer questions and help you understand the forms, packets of information and required payments our CPAs calculate for you."

"Working abroad? You can have confidence in my ability to handle the complexities of working overseas. Know that I am available to answer your questions, even if you live in another state, another time zone or another country."

--Scot Smith

"Is Payroll giving you a headache? I am here to take the confusion out of payroll and make it simple for you."

--Melissa King

"Do you need to know what your business is worth? As a CVA I handle everything from estates to divorce to mergers and acquisitions. Count on me for prompt and professional service."

--Heather Graham

"Too time-consuming to make a trip into our office for help? I can save you time and money by using technology to remotely fix problems or just answer questions."

--Jennifer Wentworth

"Business valuation and litigation support are serious business. I take the time to put myself in your shoes and understand your needs. The best outcome is achieved when your business valuation expert truly understands your situation." --Paul Murray

"Want more than just tax preparation? I have always told prospective clients that most anyone can provide accounting and tax services from a compliance perspective. Good CPAs provide tax saving strategies and other business insights to increase profitability." --Gene Smith

"Does your business need financial direction? I will help you understand your financial reports and set reasonable expectations, both of which are key to making sound business decisions."

--Keith Frame

"Getting stuck in QuickBooks? I can get you unstuck, and help you learn the software to run your business more effectively."

--Tina Powell

"Tax season got you stressed? I am here to help get you through tax packets and documents, so you can walk away with the weight off of your shoulders."

--Sara Brubaker

"New to accounting or not sure what questions to ask? I understand those anxieties and am happy to answer your questions and put your concerns to rest."

--Anna Philbert

"Perplexed by tax documents? I am here to answer questions and help you understand the forms, packets of information and required payments our CPAs calculate for you."